Oriental Land Company to Slash Winter Bonuses by 70%, Urges Tokyo Disney Performers to Transfer or Retire
Tough times have struck the Oriental Land Company, owner and operator of the Tokyo Disney Resort. After the resort’s unprecedented 122 day-long closure, the company reported a massive ¥114.3 billion loss, around $1.08 billion during its first fiscal quarter this year. While the second quarter is still underway, it seems prospects are still low, as the OLC plans to cut winter bonuses by around 70%, according to the Nikkei Asian Review.
The Nikkei Asian Review reported the news today that bonuses would be slashed by 70% for 4,000 of the company’s full-time and part-time employees. Additionally, contracted dancers in the resort’s ever-popular entertainment programs, who are largely without work as all stage shows and full-scale parades are suspended, are being given the choice by OLC to transition to other departments or receive severance pay upon retirement. Around 1,000 contracted performers are subject to these cutbacks, Nikkei reports.
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